Category: Real Estate

Penthouse at 100 11th Ave asking $23M tops the list, but most contracts last week were for homes under $5M By Sasha Jones at TheRealDeal Luxury homes kept finding buyers in Manhattan last week,...

WHAT IS IRC SECTION 1031? Section 1031 of the Internal Revenue Code (IRC) allows a taxpayer who owns investment or commercial property to exchange a relinquished property and defer paying capital gains taxes.  If...

In October 2021, the Federal National Mortgage Association was the first to announce updates to its guidelines and criteria changes for Condo and Co-op Projects.  These changes came in the wake of the tragic...

Pent-up demand, a weak dollar, and surging wealth have lifted Manhattan’s luxury market from the pandemic doldrums — developers, take note.  (Commercial Observer)    The first rule of real estate is location, location, location....

The United States opened its borders to international visitors on November 8, ending a 20-month travel ban initially instated to prevent the further spread of COVID-19. As airlines gear up for a surge in...

Many of today’s home buyers with the means to do so will use cash offers to attract sellers who want to avoid financing issues and enjoy expedited closings. If the terms are the same...

New York city will rise again because there is no place like NYC. The pessimists say that the city will never come back. However, one thing the pessimists fail to consider is how much...

Location is an incredibly important factor for buyers when considering their dream home. People tend to value close proximities to their offices, their children’s school, and to their respective social circles. This ultimately means...

It is unquestionable that the forced shutdown by COVID-19 sent devastating shockwaves throughout New York City. While some markets are steadily recovering, the commercial real estate market still has a long way to go...

COVID-19 resulted in many of us overlooking the possibility that a large number of employees will work remotely well into 2021 and possibly even 2022. Currently, only 120,000 of the City’s office workers have...